1upHealth Secures $2.38M Seed Funding to Build the World’s Most Integrated FHIR Platform

VCBeat (WeChat ID: vcbeat) has learned that digital health company 1upHealth recently secured $2.38 million in seed funding. The round was jointly invested by Eniac Ventures, Social Leverage, and Meridian Street Capital. The funds will be used to scale up 1upHealth’s business operations.

1upHealth, founded in 2017, is a digital health company dedicated to aggregating and sharing medical data for patients and healthcare providers, with the aim of improving patient outcomes and reducing healthcare costs. Despite its relatively short history, the company has already made a name for itself in the healthcare sector. To date, 1upHealth has received seven awards from the U.S. government, and most recently, it was selected as one of the 30 digital health companies participating in the MassChallenge 2019 program.

1upHealth has developed a healthcare data aggregation platform that enables patients to share their health data with medical professionals. The platform leverages standardized health data formats to automatically update and store users’ health information, helping them consolidate medical records scattered across healthcare systems throughout China and generate personalized care plans based on this aggregated data. Additionally, the platform can connect to and store data from wearable devices manufactured by companies such as Fitbit, Withings, and Google Fit, thereby enabling physicians to gain a comprehensive understanding of patients’ physical conditions.

Unlike other health data aggregation platforms, 1upHealth claims to be building the world’s most highly integrated FHIR (Fast Healthcare Interoperability Resources) platform. The company leverages newer HL7 health standards to connect structured health data between applications, with a particular focus on FHIR, the latest advancement from HL7. It is well known that research and development in healthcare information interoperability face challenges such as prohibitively high R&D costs and implementation difficulties. FHIR addresses these issues by incorporating internet-based thinking and technologies, introducing standardized formats for hundreds of clinical data models into the healthcare sector—a significant breakthrough compared to existing standards. Currently, more than 208 healthcare systems in the United States are using 1upHealth’s FHIR platform.

Ricky Sahu, CEO and co-founder of 1upHealth, stated, “Typically, individuals can only access their necessary medical data through healthcare systems, a process that can take months or even years. However, with 1upHealth’s FHIR platform, users can connect to and share health data from healthcare systems in just minutes.”

Eniac Ventures, founded in 2010 and headquartered in New York, USA, is a venture capital firm dedicated to investing in early-stage technology companies. Artificial intelligence is a key focus area of its investment portfolio.

Social Leverage, founded in 2009 and based in Arizona, USA, is a venture capital firm focused on investing in technology companies within the mobile internet sector.

Meridian Street Capital, established in 2016, is a venture capital firm focused on investing in startups within the healthcare sector.

(Compiled by Jiao Yanli)